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ReSolve, the independent business advisory practice, has secured the sale of certain assets, including the intellectual property, of G2 Energy Limited to Mitie Technical Facilities Management Limited.
ReSolve partners Lee Manning and Simon Jagger were appointed joint liquidators to G2 Energy on 3 July 2023.
Prior to the liquidation, the company supported a range of engineering projects across the UK that were vital to the clean energy transition including battery energy storage solutions, renewable energy generation, and electric vehicle charging hubs.
Manning said: “Liquidation processes are always challenging and can be a very destabilising time for employees, which is why ReSolve worked quickly and carefully to achieve this sale.
“Unfortunately, given the finality of a liquidation proceeding, not everyone can be made whole nor every job secured but by conducting a rigorous process, as we have done here, the majority of the Company’s former employees have found new roles with Mitie.”
She added: “We are very pleased that starting from a situation where the Company had to immediately shut down all its trading operations, make almost everybody redundant and go straight into liquidation, we have been able to achieve the partial rescue of the business and preserve over 40 jobs.“
